4. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(In thousands, except per share amounts)
Numerator:
Net earnings attributable to Weyco Group, Inc.	$	6,585	$	6,276	$	12,067	$	10,889

Denominator:
Basic weighted average shares outstanding		9,912		10,114		9,933		10,167
Effect of dilutive securities:
Employee share-based awards		17		277		63		252
Diluted weighted average shares outstanding		9,929		10,391		9,996		10,419

Basic earnings per share	$	0.66	$	0.62	$	1.21	$	1.07

Diluted earnings per share	$	0.66	$	0.60	$	1.21	$	1.05

Diluted weighted average shares outstanding for the three months ended September 30, 2019 excludes anti-dilutive share-based awards totaling 1,382,000 shares of common stock at a weighted average price of $26.56. Diluted weighted average shares outstanding for the nine months ended September 30, 2019 excludes anti-dilutive share-based awards totaling 696,000 shares of common stock at a weighted average price of $28.51. Diluted weighted average shares outstanding for the three months ended September 30, 2018 excludes anti-dilutive share-based awards totaling 151,000 shares of common stock at a weighted average price of $31.58. Diluted weighted average shares outstanding for the nine months ended September 30, 2018 excludes anti-dilutive share-based awards totaling 179,000 shares of common stock at a weighted average price of $29.78.